In a letter to Congressional leadership on Thursday, the CEOs of 20 leading retailers across the U.S. expressed urgent concern over the growing impact of organized retail crime.
The signatories, which included the heads of Nordstrom, Target, Dick’s Sporting Goods and Foot Locker, implored lawmakers to pass the “INFORM Consumers Act,” legislation that will modernize consumer protection laws to safeguard families and communities from the sale of illicit products.
“While we constantly invest in people, policies, and innovative technology to deter theft, criminals are capitalizing on the anonymity of the Internet and the failure of certain marketplaces to verify their sellers. This trend has made retail businesses a target for increasing theft, hurt legitimate businesses who are forced to compete against unscrupulous sellers, and has greatly increased consumer exposure to unsafe and dangerous counterfeit products,” said the letter, sent by the Retail Industry Leaders Association (RILA).
“In the current environment, criminal networks and unscrupulous businesses have exploited a system that protects their anonymity to sell unsafe, stolen, or counterfeit products with little legal recourse,” the letter continued. “This lack of transparency on particular third-party marketplaces has allowed criminal activity to fester.”
The executives called on Congress to modernize consumer safety laws to help curb retail crime and counterfeit activity.
Tim Pool’s analysis: https://www.bitchute.com/video/s_ZLwnhnMxk/